Daily Market Commentary: Bulls Start The Week Positively
The S&P closed near the day's high, breaking two days of quiet trading.
The Russell 2000 is trading in the middle of its rising channel, but relative strength has shifted away from small caps towards tech (more bearish).
Although Tech is getting a little stretched with a potential shooting star for the Nasdaq 100.
September's consolidation may be the buffer for a measured move in the Nasdaq and Nasdaq 100 (and S&P to a lesser degree). This could see the S&P touch 1,250 and the Nasdaq get to 2,585. Bulls maintain control of the market.
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